Review Analyst Interview Questions and Answers

There are over 50 insurance companies in India offering various types of insurance products.

• There are both public and private insurance companies in India.

• Some of the well-known insurance companies in India include LIC, ICICI Lombard, HDFC Ergo, and Bajaj Allianz.

• Insurance companies in India offer a wide range of insurance products such as life insurance, health insurance, motor insurance, and travel insurance.

BajajAllianz is a leading insurance company in India offering a wide range of insurance products and services.

• Established in 2001 through a joint venture between Bajaj Finserv Limited and Allianz SE.

• Offers various insurance products such as health, motor, travel, home, and life insurance.

• Known for its customer-centric approach and innovative insurance solutions.

• Has a strong presence across India with a wide network of branches and customer service centers.

IRDAI stands for Insurance Regulatory and Development Authority of India. GST stands for Goods and Services Tax.

• IRDAI is the regulatory body for insurance in India

• It ensures fair practices and protects the interests of policyholders

• GST is a unified tax system in India that replaced multiple indirect taxes

• It aims to simplify the tax structure and reduce tax evasion

• Example: IRDAI regulates insurance companies like LIC and HDFC Life, while GST impacts all businesses in India